Xia Family Consortium's year-end shareholders' meeting.
Xia Changlong sat expressionlessly in the main seat, watching the group of old fogies who were easily swayed by the wind argue back and forth.
One moment they support a shift in investment, the next they're deterred by the unknown risks of emerging projects and are considering sticking to the old ways.
Xia Changlong knew that investment in the retail industry was still necessary, but it was only as a safety net to ensure low profits, not the main focus.
This industry is mostly characterized by low profit margins and high sales volume, but the growth potential is stable. Although you may not make a lot of money, it is also difficult to lose money.
For those who want to invest their spare cash, this is a good strategy. However, the Xia Group is a professional investment company and a leader in the investment industry. To stand out among so many investors, it cannot be so conservative.
Investors look for vision, foresight, and the ability to discover business opportunities that are difficult for ordinary people to perceive, thus providing economic support to those potential stocks.
Xia Changlong was a visionary; he set his sights on the emerging electronic communications industry and the new sectors that came with it.
However, it is precisely because these sectors are almost unprecedented that shareholders are hesitant about the future direction of the company's investments.
Xu Wenbin did not participate in the discussion on the first day; he was "playing dead" at Xia Changlong's private residence.
As the meeting drew to a close, no results were reached, which was exactly what Xia Changlong had anticipated.
Xia Junhu finally stepped out of his role as the advisor who occasionally pointed out investment risks and began to show concern for his second brother: "Second brother! I've heard about Assistant Xu's situation. It's such a pity! Please accept my condolences."
"The matter is still under investigation, brother, there's no need to make a hasty judgment." Xia Changlong remained expressionless.
“Sigh! I know that my second brother and Assistant Xu have had a long-standing relationship, so it’s natural that he won’t admit the truth. But the dead can’t be brought back to life! The Hong Kong company also needs someone to oversee things.” Xia Junhu sighed as he steered the conversation toward business.
"What does Big Brother mean?" Xia Changlong narrowed his eyes.
“Look, a group of dragons can’t be without a leader, and you can’t be without a right-hand man to support you.” Xia Junhu paused, looked around at the major shareholders, and continued after seeing them nod, “Second brother, I’ve watched you grow up. How about I recommend two capable people to assist you?”
"Oh? Big Brother has a capable person by his side?" Xia Changlong said with a half-smile, his tone sounding mocking to Xia Junhu.
What does it mean to have "capable people around him"? Does that mean Xia Junhu is surrounded by useless people?
But Xia Junhu, who had been playing the good guy all his life, didn't break character. Instead, he continued, "Although I'm not as capable as Assistant Xu and don't know much about my second brother's personal affairs, once I get to know him, it doesn't necessarily mean I'm inferior to Assistant Xu, does it?"
"Who is the person you're recommending, brother?" Xia Changlong didn't refuse outright.
"Alas! The company is in great need of attention. I am reluctant to part with my assistant, how about sending my assistant to serve my second brother?"
"Your assistant? Jiang Baocai?" Xia Changlong smirked.
Jiang Baochai was Xia Junhu's most trusted lackey and confidant; almost all the bad ideas came from this grasshopper.
Several times, his schemes nearly came to light, and it was Xia Junhu who cleaned up the mess for him. Xia Changlong hadn't yet reached a point where he could openly confront Xia Junhu, so he was just turning a blind eye.
In addition, Xia Changlong already had a lot of dirt on Jiang Baocai, and Xia Changlong did not want to replace Xia Junhu now, so as not to have the new person take control again. That's why he kept him by Xia Junhu's side as an accomplice.
Xia Junhu wants to put his confidant under his command and make Xia Changlong take the blame for him. Will he agree to that?
He "died" as an assistant, not that he lost his mind!
"We'll discuss this after the investigation results are out," Xia Changlong casually declined.
"Second brother, indecisiveness is not the way of a wise ruler!" Xia Junhu's words were sharp and cutting.
"Big brother, I didn't prepare enough toilet paper!" Xia Changlong said jokingly. "Since I've taken over as your precious assistant, I need to ask your sister-in-law to stock up on more."
"Pfft!" Before anyone could understand what was going on, Xia Changlong's secretary couldn't help but burst out laughing.
"Be serious! We're talking about serious business!" Xia Changlong pretended to reprimand Secretary Huang.
But what if you can't hold it in? Xia Changlong was clearly saying that Xia Junhu's assistant was a huge pile of shit!
"Chairman Xia, I need to go to the restroom." Secretary Huang had no choice but to find a place to finish laughing first.
"Lazy people poop and pee a lot! Go on!" Xia Changlong, that old fox, really knows how to pretend.
That's right. The Xia family siblings have been fighting each other openly and covertly for almost twenty years, and the shareholders are used to it.
Those who are "not smart" have already chosen sides, while these self-proclaimed "smart people" will only choose to side with someone after the four members of the Xia family have truly determined a winner.
Those who prioritize self-preservation and their own interests are most afraid of choosing the wrong side and becoming cannon fodder!
Xia Changlong didn't care about these opportunists. These old fogies were all opportunists his father had brought in when he started the company because he didn't have enough funding.
After the Xia family grew and prospered through several investments, these people just lived off shareholder dividends and did nothing.
Oh! No! They just pretend to be experts at shareholder meetings, thinking they can decide the path to making money!
However, Xia Changlong, who owns 60% of the shares, still holds the decision-making power. When Xia Changlong's father handed over the Xia family conglomerate to him, there was a condition: any decision made at the shareholders' meeting must be approved by more than 65% of the shares before it could be formally initiated.
This was also a policy measure to prevent the young and inexperienced Xia Changlong from making arbitrary decisions that could cause unnecessary losses to the company.
This chapter is not finished yet. Please click on the next page to continue reading the exciting content!
Continue read on readnovelmtl.com
